• Ph.D. in Economics, Lancaster University, UK, 1995-1999.
  • Research title: “Liberalisation before Stabilisation: Policy and Performance in Turkish Banking after 1980”.
  • M.Sc. in International Trade and Finance, Lancaster University, UK, 1994-1995.
  • B.Sc. in Management, Middle East Technical University – METU, Ankara-Turkey, High honours, 1988-1993.

Canan Yildirim

CASE Fellow

CASE Fellow



  • banking in transition
  • corporate governance
  • insurance market of EU and Turkey
  • international capital flows



Current positions:

Associate Professor, Rennes School of Business, Department of Finance and Accounting, Rennes France,
2017-to date.

Fellow, Center for Social and Economic Research (CASE), Warsaw, Poland, October 2009- to date.


Previous positions

Associate Professor, Kadir Has University, Department of International Trade and Finance, Istanbul- Turkey, 2007-to 2017 (Associate Professor in Finance title awarded by the Turkish Inter-University Council: September 2015).

Acting Head, Kadir Has University, Department of International Trade and Finance, Istanbul-Turkey, 2011-2012.

Director, Finance and Banking Master's Degree Programme, Kadir Has University, Department of International Trade and Finance, Istanbul-Turkey, 2011-2012.

Assistant professor, Yeditepe University, Department of Management, Istanbul-Turkey, 2005- 2007.

Research Fellow, Center for Risk and Insurance Studies, Nottingham University Business School, Research title “Performance Benchmarking in European Insurance Markets” (Funded by KPMG USA), January 2004 to December 2004.

Post-doctoral Research Fellow, Centre for Economic Research (CentER), Tilburg University, Research Training Network (RTN) on “The Analysis of International Capital Markets: Understanding Europe’s Role in the Global Economy” (Funded by the European Commission), January 2002 to December 2003.

Lecturer, Instituto Tecnologico Y De Estudios Superiores De Monterrey, Mexico City Campus, Department of Accounting and Finance, July 2000-July 2001.


Visiting positions and short courses:

Visiting Academic, TED University, Ankara, Turkey, September-December 2023.

Visiting Academic, Department of Business and Economics, SDU, Odense, Denmark, October 2014-June 2015.

Visiting Scholar, Istanbul School of Central Banking, Central Bank of the Republic of Turkey, Istanbul-Turkey, February-May 2014.

Visiting Academic, Business School, Birmingham University, Birmingham, UK, July 2011.

Visiting Researcher, Institute for International Integration Studies, Trinity College Dublin, Ireland, November 2003.

Visiting Researcher, Economic Policy Research Unit (EPRU), University of Copenhagen, Denmark, July 2003.

International Macroeconomics Summer School (by Prof Assaf Razin of Tel Aviv University and Cornell University), Study Center Gerzensee, Switzerland, July-August 2002.

Visiting Researcher, Central Bank of the Republic of Turkey, Research Department, June-July 2001.


Research interests

Performance evaluation, competition and regulation in financial institutions

FDI, firm internationalization and international banking

Corporate governance


Teaching experience

Financial Institutions and Markets (MBA and Undergraduate)

Financial Management (MBA and Undergraduate)

Multinational Financial Management (MBA and Undergraduate)

Turkish Banking and Financial System (Undergraduate)


Consultancy experience

SERVICEGAP Project, Funded by the European Commission, Research Directorate General as part of the 7th Framework Programme, Theme 8: Socio-Economic Sciences and Humanities, Involvement as participant with Center for Social and Economic Research (CASE), 2010-2013.

Study on the effects of the global crisis on the financial sector in candidate and potential candidate countries, Involvement as Expert with Center for Social and Economic Research (CASE), Sponsor: DG ECFIN - European Commission; 12.2009 - 01.2011

Assessment of the current situation in the Russian banking sector, including the impact thereon of government support and stabilization packages, Involvement as Expert with Center for Social and Economic Research (CASE), Sponsor: World Bank; Partners: PKF (UK) [project leader], Interfax-CEA (RUS); 12.2009 - 07.2010



Journal Articles

Yildirim, C., Tensaout, M., and Belousova, V. (2023) Cross-border mergers and acquisitions by emerging country banks: What do acquisition premiums tell us? Research in International Business and Finance, 66, October, 102042.

Yildirim, C., Kasman, A., and Gulamhussen, MA. (2023) Efficiency of multinational banks: Impacts of geographic and product loci, International Business Review, 32(5), 102162

Yildirim, C., and Öztürkkal, B. (2022) Regional Expansion of Emerging Market Banks: Evidence from the Middle East. Journal of East-West Business, 28 (1), 30-60.

Yildirim, C., Kasman, A., and Hamid, F.S. (2021) Impact of foreign ownership on market power: Do regional banks behave differently in ASEAN countries? Economic Modelling, 105, 105654.

Yildirim, C., and Kasman, A. (2021) Market power evolution and convergence in European banking: An empirical note. Bulletin of Economic Research, 73(4): 535-544.

Vanwalleghem, D., Yildirim, C., and Mukanya, A. (2020) Leveraging local knowledge or global advantage: Cross border bank mergers and acquisitions in Africa. Emerging Markets Review, 42.

Yildirim, C., and Efthyvoulou, G. (2018) Bank value and geographic diversification: regional vs global. Journal of Financial Stability, 36, 225-245.

Yildirim, C. (2017) Turkey’s Outward Foreign Direct Investment: Trends and Patterns of Mergers and Acquisitions. Journal of Balkan and Near Eastern Studies, 19 (3): 276-293.

Davutyan, N., and Yildirim, C. (2017) Efficiency in Turkish Banking: Post-restructuring Evidence. European Journal of Finance, 23 (2): 170-191.

Yildirim, C. (2015) Liberalization, Post-Crisis Restructuring and Internationalization in Turkish Banking. Turkish Studies, 16, 2: 253-279.

Yildirim, C. (2014) Competition in Turkish Banking: Impacts of Restructuring and the Global Financial Crisis. The Developing Economies 52, 2: 95-124.

Efthyvoulou, G., and Yildirim, C. (2014) Market power in CEE banking sectors and the impact of the global financial crisis. Journal of Banking and Finance, 40: 11-27.

Kasman, A., and Yildirim, C. (2006) Cost and Profit Efficiencies in Transition Banking: the case of new EU members. Applied Economics, 38, 1079-1090.

Yildirim, C. (2002) Evolution of banking efficiency within an unstable macroeconomic environment: The case of Turkish commercial banks. Applied Economics, 34, 18: 2289-2301.

Book chapters

European Insurance Markets: Recent Trends and Future Regulatory Developments (with P. Klumpes, P. Fenn, S. Diacon, C. O'Brien) in ‘Handbook of International Insurance: Between Global Dynamics and Local Contingencies’ edited by J.D. Cummins and B. Venard. pp. 789-848, Springer, 2007. 

Financial aspects of adjustment and transition towards EU membership: Turkey and Eastern Europe (with P. N. Snowden) in ‘Turkey and Central and Eastern European Countries in Transition: Towards Membership of the EU’ edited by S.Togan and V. N. Balasubramanyam. pp. 98-115, Palgrave, 2001. 


Finance and Accounting 2023 Annual Research Symposium, Westminster Business School, University of Westminster, June 15-16, 2023, London, UK.

48th Academy of International Business UK & Ireland Chapter Conference, 14-16 April 2021, University of Greenwich, London, UK.

EIBA Annual Conference, 2019, 13-15 December, 2019 Leeds, UK.

IFABS-International Finance and Banking Society - 2019 Conference, 27-29 June, Angers, France.

10th International Research Meeting in Business and Management, 8-10 July 2019, Nice, France.

Seventh Spring Conference of the Multinational Finance Society, April 19-21, 2019, Crete, Greece.

XXV International Rome Conference on Money, Banking and Finance (MBF); University of Rome III, December 1-2, 2016, Rome, Italy.

23rd Annual Conference of the Multinational Finance Society, June 26-29, 2016, Stockholm, Sweden.

ERF 21st Annual Conference: Democracy and Economic Development, 20-22 March 2015 Tunisia.

ICEF2014 Istanbul Conference of Economics and Finance, 8-9 Sep, 2014, Istanbul, Turkey.

ERF 20th Annual Conference: Economic Development and Social Justice, 22-24 March 2014 Cairo, Egypt.

Borsa Istanbul Finance and Economics Conference, 30 Eylul-1 Ekim 2013, Istanbul.

Global Business And Technology Association, 15th Annual International Conference. 2-6 July 2013, Helsinki, Finland.

EconAnadolu 2013, Third International Conference in Economics, 19-21 June 2013, Eskişehir.

Istanbul Finance Congress 2013, 30-31 May 2013, Istanbul.

10th Conference Eurasia Business and Economics Society (EBES), 23-25 May 2013, İstanbul.

19th Annual Conference of the Economic Research Forum, 3-5 March 2013, AFESD, Kuwait.

SERVICEGAP End of Project Conference, 5-6 November, 2012, ZEW, Mannheim.

INDICSER End of Project Conference, 27-28 September 2012, Budapest.

EuroConference, 12-14 July 2012, Portoroz, Slovenia

16th Annual Conference of the Economic Research Forum, 7-9 November 2009, Cairo, Egypt.

15th Annual Conference of the Economic Research Forum, 23-25 November 2008, Cairo, Egypt.

Corporate Governance in Emerging Markets Workshop, organized by Global Corporate Governance Forum and Asian Institute of Corporate Governance, 19-20 September 2008, Yale School of Management, USA.

Business & Economics Society International 2008 Conference, 15-19 July 2008, Lugano, Switzerland.

International Conference on Family Firms and Corporate Governance, organised by Corporate Governance Forum of Turkey, Global Corporate Governance Forum and European Corporate Governance Institute, 20-22 May 2004, Istanbul, Turkey.

ERC/METU International Conference in Economics VII, Middle East Technical University, 6-9 September 2002, Ankara, Turkey.

Academy of Business and Administrative Science (ABAS), International Conference, 23-25 July 2001, Brussels, Belgium.

ERC/METU International Conference in Economics III, Middle East Technical University, 8-11 September 1999, Ankara, Turkey.


Scholarships and awards

Research grant, Rennes School of Business (Rethinking Tomorrow’s Organization Research Center (2020); Financial Market and Corporate Outcome Research Center (2021 & 2022).

Research and travel grant, Economic Research Forum (ERF), 2008, 2009, 2013, 2014, 2015.

Research grant, Kadir Has University, 2009-2010.

Scholarship from the Turkish Ministry of Education to undertake postgraduate studies (Master’s and PhD.) in the UK, 1994-1999.

project involvement: expert

case publications